Quotes of the month
"So far-reaching and significant may be the decisions to come around capital requirements, funding liquidity and reserving that policymakers should not be precipitate in making those. Indeed I would advise that no such decisions should be taken now. There is no need"
John Varley, chief executive of Barclays, warns that regulators should think carefully before imposing stringent new laws on the banking system
"Chairman Bernanke and the Fed have done a great job. If the Fed hadn’t done what it did, then it would have been Armageddon"
Larry Fink, chief executive of BlackRock, pays tribute to the Fed chairman for stabilizing financial markets.
Now Fink hopes to make the most of the opportunities presented
"It’s like peeing in your pants. It feels good, but only for a very short time"
Annika Falkengren, chief executive of SEB, on Baltic devaluation
"One person has described the crisis like this... on the left of the balance sheet, nothing is right. On the right of the balance sheet, nothing is left"
Ronald O’Hanley, president and chief executive of BoNY Mellon Asset Management, helps us to understand the credit crunch.